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Drilling Our Way to …
Menzie Chinn (June 18th, 2008) Writes:
by Menzie Chinn: As I type this post, the President is proposing once again drilling in ANWR, noting the "enormous" benefits. [1] [2] [3] I'd like to just note the analysis his Administration's DoE just published last month.
From Analysis of Crude Oil Production in the Arctic National Wildlife Refuge, published May 2008:
Summary
The opening of the ANWR 1002 Area to oil and natural gas development is projected to increase domestic crude oil production starting in 2018. In the mean ANWR oil resource case, additional oil production resulting from the opening of ANWR reaches 780,000 barrels per day in 2027 and then declines to 710,000 barrels per day in 2030. In the low and high ANWR oil resource cases, additional oil production resulting from the opening of ANWR peaks in 2028 at 510,000 ...
Tags for this Post:
Analysis Of Crude Oil, Anwr 1002, Anwr Oil, Arctic National Wildlife, Arctic National Wildlife Refuge, Balance Of Trade, Case Project, Crude Oil Imports, Crude Oil Production, Current Market News, Declines, Drilling In Anwr, Economics, Energy Markets, Enormous Benefits, Expenditures, Minimum Values, National Wildlife Refuge, Natural Gas Development, Oil Dependency, Oil Import, Time Frame, Timeframe
Analysis Of Crude Oil, Anwr 1002, Anwr Oil, Arctic National Wildlife, Arctic National Wildlife Refuge, Balance Of Trade, Case Project, Crude Oil Imports, Crude Oil Production, Current Market News, Declines, Drilling In Anwr, Economics, Energy Markets, Enormous Benefits, Expenditures, Minimum Values, National Wildlife Refuge, Natural Gas Development, Oil Dependency, Oil Import, Time Frame, Timeframe
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